Only when the last tree has died and the last river has been poisoned and the last fish been caught will we realize we cannot eat money. ~Cree Indian Proverb
Let us recap the plunge in gold price during mid April 2013: April 10 - Goldman’s “short” call coincided with it slashing its short- and long-term forecasts for the yellow metal. April 12 - Gold embarked on its worst two-day plunge since futures first started trading in New York. April 16 - Gold intra day traded at USD1350/ounce BUT April 23 - Goldman Sachs has covered its gold short. (Stop Shorting!) Goldman was telling clients to take profits and move on, even as it expected prices to keep falling throughout the year.
May be it was due to CHINA DA MA?? The recent drop in gold has created a huge surge in Asian gold demand. The feverish buying has left many of Hong Kong’s banks, jewellers and even its gold exchange without enough yellow metal to meet demand. It is happening elsewhere in Asia. Round 1: China DA MA vs Wall Street (中國大媽 vs 華爾街) China DA MA Score. 1:0 What is your bet after Round 3? Gold UP or DOWN trend.
Thanks to my fan :> who summarised it nicely on my previous post... Albert Einstein was deeply concerned about the dangers of the new nuclear age development started since 1946 and one famous quote was inspired by his remarks and quoted "I fear the day that technology will surpass humanity. The world will have a generation of idiots." What have we learned after the foresight, not much... Three Mile Island accident(1979), Chernobyl disaster(1986), Fukushima disaster(2011) blaa bla bla...
Smartphone addicts is a good example. What can we do?What's more. Joseph Stiglitz Nobel laureate said in an address at Dhurakij Pundit University in Bangkok lately that many of the innovations that led to productivity increases in manufacturing ended up playing a role in the economic downturn that began in 2008. The result has been years of instability and inequality caused by a slowdown in global employment. It is simply termed as Technological Unemployment. I watched the video and start pondering....
New Age of Technology means Rising Living Standard - A Myth? Why did it happen? Who is behind all these? Where are we heading? When is our self realization (globally)? What can we do? and How ? "The change in the global rules should also have led us to higher standards, and yet it seems just having the opposite effect." -- Joseph Stiglitz 16th March 2013. Frankly, I don't have any answers of the above questions. I am seeking... Until then I wholeheartedly live with the quote "緣起性空，觀空放下". (A bit profound to translate into English, my apology for lack of English proficiency. Copy the words and find out more yourself in web, you may learn a lot )
Today when our family spending time together outing and we noticed that we were somehow infected with the Generation Y 'sickness' which is SMARTPHONE ADDICT. Good Relationship with others is part and puzzle of building one's wealth. I wonder where our society is heading with this worrying trend. I bet this HEAD DOWN SYNDROME is across generations. Sorry to label it as Generation Y sickness, but if it could shame the elderly into setting up a good role model for their kids...it is a good try!
I met my old friend yesterday. We relished our pass, were complaining the present and anticipating the future. We discussed about what to invest amid this volatile market. I mentioned Numismatic Coin but offer little convincing argument. I found the youtube video which reinforces my preaching on Numismatic Coin. Would like to share with my friend and the rest.
Finally, the below quote summarises it all. "Our entire currency system is imaginary...we're all dreaming the same dream. If anybody chooses to wake up..., it's over." Mike Maloney
I heard this story from a seminar, it inspired me and would like to share, with some modification.
The story goes when a certain tribe hunts monkeys, they cut a coconut in two, place an orange in the middle and then put them back together again, with a hole cut in the middle that is big enough for a monkey’s hand to go through. When the monkey smells the orange, he puts his hand in the hole, grabs the orange and then cannot free his hand with the orange in his fist. The monkey would refuse to let go of its “precious” even when the hunters came to catch it. The monkey is clueless of the trap in a first place, when trapped it insists to hold onto the orange eventually lose its freedom forever.
In current world of investment, we usually hold onto something so called "asset" which eventually become a debt for a long period of time. We are framed into investing in future but rather get ourselves stuck in modern enslavement succumbed to the wealthy corporate interests. The more you wanna yourself catch up with the current market trend, the more you turn into a monkey yourself. After all, the word "money" and "monkey" different by a letter "K" which is so called KNOWLEDGE. You want money but do not want to become monkey, then throw all the so called modern investment "knowledge" away!as they are ultimately devoid of facts and deceiving.
Besides the inspired story, listed the key words I can still remember...
make money ≠ grow money
silver - industrial demand - inventory - essential for barter
